Stop Presidential Profiteering from Digital Assets Act

This legislation aims to prevent the exploitation of public office by prohibiting the issuance, promotion, marketing, or sale of digital assets that use the identifiable traits of certain federal officials or their immediate family members. Specifically, it targets digital assets, including cryptocurrencies and meme coins, that are reasonably likely to result in direct or indirect financial gain for a covered individual , such as the President, Vice President, Members of Congress, or Senate-confirmed officials. The bill explicitly states that such conduct is unlawful, and a violation is presumed regardless of whether the covered individual provided consent or endorsement. The Securities and Exchange Commission (SEC) is granted exclusive authority to enforce these prohibitions. Violators face substantial civil penalties, either up to $250,000 per violation or an amount equal to the gross financial gain received, whichever is greater. Furthermore, the SEC is empowered to seek injunctive relief to prevent the distribution of prohibited digital assets and is mandated to promulgate implementing regulations within 180 days of the Act's enactment.